In the reviewed period, domestic collection reached 954.6 trillion VND, up 15.9% year-on-year, accounting for 81.1% of the yearly estimates.

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The ministry said 60 out of 63 provinces and cities have met over 68% of their targets, and 49 localities have collected higher tax revenues than the same period last year.

The country’s state budget expenditure in the January – August period reached 956.4 trillion VND, equivalent to 53.6% of the year's estimate and up 4.2% year-on-year. Of the sum, investment for development was 212.2 trillion VND.

Up to 2.4 trillion VND from the central budget’s reserves in 2022 has been spent on pandemic prevention and control and to assist people who are facing difficulties due to the pandemic, as well as plant varieties and livestock support to restore production in areas damaged by natural disasters and epidemics.

About 27,600 tonnes of rice were allocated from the national reserve to the needy affected by natural disasters, epidemics and between-crop food shortage.

Given rising inflation and interest rates that might affect budget revenue, Minister of Finance Ho Duc Phoc suggested that it is necessary to continue to operate a flexible and effective fiscal policy. He highlighted the need to strengthen tax revenue from e-commerce and digital platforms, along with VAT refunds.

Seven-month budget collection up 29.9 percent in Bac Giang

(BGO) – The total domestic collection in the northern province of Bac Giang is estimated at 1,095 billion VND (46.7 million USD) in July and over 10,800 billion VND in the first seven months of this year, increasing 29.9 percent and making up 80.3 percent of the yearly estimation.

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Budget collection reaches 66.7% of yearly estimates

Revenues of the State budget in the first six months of this year stood at about 941.3 trillion VND (40.3 billion USD), equivalent to 66.7% of the yearly estimates, it was reported at the Finance Ministry’s review conference on July 7.

Bac Giang to boost budget revenues and investment in essential infrastructure

(BGO)- The Party Union of the provincial People’s Council and the Office of the provincial Party Committee of Bac Giang province on June 20 held a conference to approve the contents submitted to the Standing Board of the provincial Party Committee at the meeting session in June 2022. The conference was chaired by Lam Thi Huong Thanh, permanent Vice Chairman of the provincial People’s Council.

Bac Giang: Total budget collection up 23.1 percent in first half of 2022

(BGO) - The total budget collection of Bac Giang province was estimated at 9,386 billion VND (404 million USD) in the first six months, accounting for 65.8 percent of the estimation and increasing 23.1 percent year on year.  

Source: VNA